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hankchef
May 30, 2016 4:58 PM

SPX500 gamble a Lincoln for a Franklin - Bearish Cypher Pattern Short

S&P 500 index of US listed sharesFXCM

Description

Cypher pattern: fib number 0.613 approx 0.618. 1.232 approx 1.27.
Price exceeds Point D but still under X, providing a good entry with smaller stop-loss. Since the volatility is potentially high, 2 point buffer is added to point X as the Stop-loss level.

Stop-loss: 2113.5
Enter short at current level
TP 2075, 2056

Comment

entered 2103
Comments
hankchef
Trump train! Down to abyss, USA down to USB!
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